Podcast
Questions and Answers
Exchange rate differences do not affect comparisons of national income across countries.
Exchange rate differences do not affect comparisons of national income across countries.
False (B)
There is a need for a standardized currency to accurately assess national income across countries.
There is a need for a standardized currency to accurately assess national income across countries.
True (A)
Subsistence farming activities are officially recorded in national income calculations.
Subsistence farming activities are officially recorded in national income calculations.
False (B)
Illegal economic activities, such as drug dealing, are included in national income calculations.
Illegal economic activities, such as drug dealing, are included in national income calculations.
Non-monetary contributions, like charity work and housework, are considered in national income calculations.
Non-monetary contributions, like charity work and housework, are considered in national income calculations.
The concept of economic development revolves around measuring human welfare.
The concept of economic development revolves around measuring human welfare.
Economic development is an objective concept, free from value judgments and subjectivity.
Economic development is an objective concept, free from value judgments and subjectivity.
The concept of economic development encompasses political freedoms and rights as a component of human welfare.
The concept of economic development encompasses political freedoms and rights as a component of human welfare.
$5(7 + 3)$ is a valid mathematical expression.
$5(7 + 3)$ is a valid mathematical expression.
console.log('Hello, World!'); is a valid JavaScript code snippet.
console.log('Hello, World!'); is a valid JavaScript code snippet.
